Funding arb · Price arb /

PEPE

all PEPE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX−0.155%7-day average −0.139% · you buy dearer than you sell

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$228as in the Price arb table

costs, in and out, $10k−$2262.263% of the position

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.039%−$4 · spread now −0.155%, 7d avg −0.139%

Together, before fees−0.039%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX 1000PEPE-USDT	0.000005046	0.0100	pay 0.0100% / 8h	6h 15m	$1K	$2.4M	20x
Short	HTX PEPE-USDT	0.000005038	0.0100	get 0.0100% / 8h	6h 15m	$566K	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee HTXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.139%: −$1.56
Slippage, 4 orders: −$206.33
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$227.88
Costs to cover: 2.263%
Break-even: never at this rate

Slippage from SunX: live order book, 1 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 1 min ago	64.06 bp	81.9 bp −$82	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 3 min ago	6.92 bp	14.0 bp −$14	26.0 bp −$260	103.9 bp −$10.4K	doesn't fit

PEPE on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX PEPE-USD	0.0000%	1h	0.000005036	−0.196%	$18K	$95	10x	as long as short
gTrade (Gains Network) PEPE/USD	L +0.0005% / S −0.0005%	1h	0.000005045	−0.020%	$14K	—	150x	as long as short
Pacifica kPEPE	+0.0100%	1h	0.000005047	+0.022%	$61K	$126K	10x	as long as short
Bybit 1000PEPEUSDT	+0.0100%	8h	0.000005038	−0.149%	$97.6M	$324.3M	50x	as long as short
Gate PEPE_USDT	+0.0100%	8h	0.000005042	−0.077%	$162.1M	$71.5M	75x	as long as short
KuCoin PEPEUSDTM	+0.0100%	8h	0.000005048	+0.034%	$25.4M	$60.9M	75x	as long as short
Bitget PEPEUSDT	+0.0100%	8h	0.000005044	−0.030%	$45.4M	$162.6M	75x	as long as short
Variational Omni 1000PEPE	+0.0100%	8h	0.000005045	−0.026%	$622K	$4.5M	—	as long as short
edgeX 1000PEPEUSDC	+0.0100%	4h	0.000005039	−0.141%	$27K	$422K	20x	as long as short
SunX 1000PEPE-USDTlong	+0.0100%	8h	0.000005046	long leg	$1K	$2.4M	20x

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX PEPE-USDTshort	+0.0100%	8h	0.000005038	−0.155%	$566K	$3.6M	75x
Reya kPEPERUSDPERP	+0.0189%	1h	0.000005054	+0.154%	$8K	—	15x	as long as short
OKX PEPE-USDT-SWAP	+0.0243%	8h	0.000005042	−0.077%	$45.1M	$568.7M	50x	as long as short
Orderly PERP_1000PEPE_USDC	+0.0282%	8h	0.000005053	+0.149%	$33K	$23K	20x	as long as short
ApeX Omni 1000PEPEUSDT	+0.0333%	1h	0.000005041	−0.097%	$106K	$747K	25x	as long as short
Coinbase International 1000PEPE-PERP-INTX	+0.0424%	1h	0.000005053	+0.141%	$746K	$29.8M	50x	as long as short
BingX 1000PEPE-USDT	+0.0498%	8h	0.000005042	−0.069%	—	$259.2M	—	as long as short
GMX PEPE/USD [ETH-USDC]	L +0.0519% / S −0.0547%	1h	0.000005000	−0.910%	$56K	—	100x	as long as short
Phemex u1000PEPEUSDT	+0.0527%	8h	0.000005047	+0.032%	$2.4M	$7.0M	50x	as long as short
Extended 1000PEPE-USD	+0.0528%	1h	0.000005044	−0.028%	$554K	$199K	25x	as long as short
Aevo 1000PEPE-PERP	+0.0528%	1h	0.000005048	+0.042%	$143K	—	3x	as long as short
MEXC PEPE_USDT	+0.0531%	8h	0.000005047	+0.018%	$94.4M	$291.3M	300x	as long as short
Binance 1000PEPEUSDT	+0.0531%	8h	0.000005046	+0.010%	$141.9M	$1.17B	75x	as long as short
Deribit 1000PEPE_USDC-PERPETUAL	+0.0543%	1h	0.000005050	+0.081%	$61K	$114K	25x	as long as short
SoDEX 1000PEPE-USD	+0.0575%	1h	0.000005048	+0.042%	$2K	$12K	10x	as long as short
Paradex kPEPE-USD-PERP	+0.0607%	8h	0.000005040	−0.110%	$6K	$16	20x	as long as short
Aster 1000PEPEUSDT	+0.0626%	8h	0.000005043	−0.057%	$1.7M	$8.2M	50x	as long as short
Nado kPEPE-PERP	+0.0649%	1h	0.000005055	+0.175%	$180K	$880K	10x	as long as short
Kraken Futures PF_PEPEUSD	+0.0825%	1h	0.000005048	+0.036%	$4.0M	$14.5M	50x	as long as short
Injective PEPE/USDC PERP	+0.0909%	1h	0.000005098	+1.033%	$4K	$102K	12x	as long as short
Backpack kPEPE_USDC_PERP	+0.0917%	1h	0.000005047	+0.024%	$98K	$618K	15x	as long as short
01 Exchange kPEPEUSD	+0.0952%	1h	0.000005057	+0.220%	$1K	$2K	10x	as long as short
Lighter 1000PEPE	+0.1680%	1h	0.000005057	+0.220%	$1.1M	$7.4M	10x	as long as short
Hyperliquid kPEPE	+0.2123%	1h	0.000005057	+0.220%	$55.7M	$136.0M	10x	as long as short